QUATTRO CLASSICS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
QUATTRO CLASSICS
Largest movements
- Cash +€9,066
up €9,066 (+89.9%), from €10,082 to €19,148
- Receivables within one year +€3,634
up €3,634 (+10.9%), from €33,486 to €37,120
of which Trade receivables: +€26,606
- Current portion of long-term debt -€26,040
no longer reported in 2025 (was €26,040)
- Tax, wage and social debts +€19,422
new in 2025: €19,422
of which Remuneration and social security: +€10,000
- Other debts +€6,529
new in 2025: €6,529
- Trade debts +€6,123
up €6,123 (+19.9%), from €30,809 to €36,932
- Profit (loss) carried forward +€6,042
up €6,042 (+19.0%), from -€31,812 to -€25,770
- Gross operating margin +€12,672
new in 2025: €12,672
- Other operating charges +€2,830
new in 2025: €2,830
- Financial charges +€287
up €287 (+284%), from €101 to €388
From the 2023 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,594 | €62,669 | +€12,075 | +23.9% |
| Fixed assets | 21/28 | €3,423 | €2,797 | -€626 | -18.3% |
| Tangible fixed assets | 22/27 | €3,423 | €2,797 | -€626 | -18.3% |
| Plant, machinery and equipment | 23 | €1,024 | €398 | -€626 | -61.1% |
| Furniture and vehicles | 24 | €2,399 | €2,399 | = | 0.0% |
| Current assets | 29/58 | €47,172 | €59,872 | +€12,700 | +26.9% |
| Stocks and contracts in progress | 3 | €3,603 | €3,603 | = | 0.0% |
| Stocks | 30/36 | €3,603 | €3,603 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,486 | €37,120 | +€3,634 | +10.9% |
| Trade receivables | 40 | - | €26,606 | +€26,606 | |
| Other amounts receivable | 41 | €33,486 | €10,514 | -€22,972 | -68.6% |
| Cash at bank and in hand | 54/58 | €10,082 | €19,148 | +€9,066 | +89.9% |
| Total equity and liabilities | 10/49 | €50,594 | €62,669 | +€12,075 | +23.9% |
| Equity | 10/15 | -€6,255 | -€213 | +€6,042 | +96.6% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €5,106 | €5,106 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,321 | €3,321 | = | 0.0% |
| Distributable reserves | 133 | €1,785 | €1,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,812 | -€25,770 | +€6,042 | +19.0% |
| Amounts payable | 17/49 | €56,849 | €62,882 | +€6,033 | +10.6% |
| Amounts payable within one year | 42/48 | €56,849 | €62,882 | +€6,033 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €26,040 | - | -€26,040 | |
| Trade debts | 44 | €30,809 | €36,932 | +€6,123 | +19.9% |
| Suppliers | 440/4 | €30,809 | €36,932 | +€6,123 | +19.9% |
| Taxes, remuneration and social security | 45 | - | €19,422 | +€19,422 | |
| Taxes | 450/3 | - | €9,422 | +€9,422 | |
| Remuneration and social security | 454/9 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | - | €6,529 | +€6,529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209 | €278 | +€70 | +33.4% |
| Other operating charges | 640/8 | - | €2,830 | +€2,830 | |
| Gross operating margin | 9900 | - | €12,672 | +€12,672 | |
| Operating profit (loss) | 9901 | -€209 | €9,564 | +€9,773 | |
| Financial charges | 65/66B | €101 | €388 | +€287 | +284% |
| Recurring financial charges | 65 | €101 | €388 | +€287 | +284% |
| Profit (loss) for the period before taxes | 9903 | -€310 | €9,176 | +€9,486 | |
| Profit (loss) for the period | 9904 | -€310 | €9,176 | +€9,486 | |
| Profit (loss) for the period to be appropriated | 9905 | -€310 | €9,176 | +€9,486 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.